Forex news for Asia trading Wednesday 16 January 2019

Brexit:

After the gyrations for GBP surrounding the UK parliament's vote on PM May's deal Asian markets were more subdued on the currency. There were plenty of news and opinions pieces bandied about but after a 50-odd point drop in the Asian morning for cable it pretty gained a lot back and is net little changed on the session

'Little changed' won't last in the hours ahead as another tumultuous day approaches in the Commons, with at least one 'no confidence' vote to occur.

Brexit related posts today (read from the bottom up for chronological order):

Other:

Yen gained in the Tokyo morning on some (not huge) safe-haven flows in the face of Brexit uncertainty. The move was limited, though, a 30 or so point drop for USD/JPY in total. Currencies fell soon after, providing a double whammy move for yen crosses. Again, the moves were not large and have mainly recovered to be little change for AUD, CAD, EUR, NZD on the session.

There were plenty of stimulus-related announcements and comments from China today (see bullets above) ... apart from one official saying deleveraging efforts will continue.

Still to come: